Contract details: Edmonton Elks pay QB Taylor Cornelius over $100,000 to sign extension

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The Edmonton Elks might have their quarterback of the future in Taylor Cornelius — or at least that’s what his fresh contract extension indicates.

General manager and head coach Chris Jones signed Cornelius for two more years through the 2024 season. His new agreement includes a $106,500 signing bonus and $238,500 in hard money for the 2023 season.

The six-foot-five, 232-pound QB will receive $50,000 for being on the green and gold’s active roster on Jan. 15, 2023. The rest of his hard money will be paid in the form of a $165,000 base salary, $13,500 in housing, and a $10,000 travel allowance.

The 27-year-old also has $40,000 available in playtime cash with the ability to earn $2,222.22 per game when on the field for 51 percent or more of the offensive plays.

In 2024, Cornelius will collect $100,000 for being on the Elks’ active roster on Jan. 15 with and an additional $46,500 for reporting to training camp and passing his physical, a $200,000 base salary, half of which is guaranteed under the terms of the latest collective bargaining agreement, along with the same housing and travel available. This totals $370,000 in hard money plus the potential to earn an additional $40,000 for being the team’s starter.

“We make our own decisions based off of what we feel like. He’s a solid dude, he’s the same guy when he walks in every single day, he works hard. He’s a little bit like Ricky Ray, quiet and doesn’t say a whole lot. He’s in there working, watching film and when he needs to say something he will,” Jones said.

Cornelius signed with the Elks in 2021 and dressed for all 14 regular season games as a rookie, starting eight and posting a 1-7 win-loss record. He completed 57.8 percent of his pass attempts for 1,795 yards with nine touchdowns and 13 interceptions while rushing 21 times for 149 yards (7.1 yards per carry) and one major.

The Oklahoma State product has started Edmonton’s past nine games this season, compiling a 3-6 win-loss record. He has completed 58 percent of his passes for 2,173 yards with nine touchdowns and six interceptions along with 57 carries for 384 yards (6.7 yards per carry) and six touchdowns.

“He’s a much better athlete than what people think,” Jones said.

For the 2022 season, Cornelius is earning the CFL’s minimum salary of $65,000.

Justin Dunk is a football insider, sports reporter and anchor.